| BTCS Stock | | | USD 3.77 0.39 11.54% |
BTCS financial indicator trend analysis is way more than just evaluating BTCS Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BTCS Inc is a good investment. Please check the relationship between BTCS Research Development and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BTCS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Research Development vs Selling General Administrative
Research Development vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BTCS Inc Research Development account and
Selling General Administrative. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between BTCS's Research Development and Selling General Administrative is 0.46. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of BTCS Inc, assuming nothing else is changed. The correlation between historical values of BTCS's Research Development and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of BTCS Inc are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Research Development i.e., BTCS's Research Development and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.46 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Research Development
Selling General Administrative
Most indicators from BTCS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BTCS Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BTCS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Enterprise Value is likely to gain to about 22.6
M in 2024, whereas Selling General Administrative is likely to drop slightly above 4
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Research Development | 712.7K | 611.8K | 687.3K | 565.7K | Reconciled Depreciation | 939.0 | 4.0K | 5.0K | 5.3K |
BTCS fundamental ratios Correlations
Click cells to compare fundamentals
BTCS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BTCS fundamental ratios Accounts
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